Internet company AOL, which is part of Time Warner Inc., has acquired New York-based Relegence Corp., a company that has a financial news service and information search technology, according to a Reuters story.
The story stated, “The agreement to buy privately-held Relegence was signed and closed on Monday, AOL said. Financial terms were not disclosed.
“Relegence offers subscription services that provide readers with real-time notification and delivery of financial information. The company was founded in 1999 and has 60 employees.”
See the story here. The news release can be found here. According to the release, the seven-year-old company puts “real time information, news and knowledge in the hands of end users moments after it is published. Relegence sells subscription-based services that offer real-time discovery, notification and delivery of information, connecting customers to cross-media content as it is generated from anywhere across the globe.”
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